Today we will take a look at Rotogravure Printing Machine Market. With the growth in various segments, you can assess the factors affecting the growth of the market and these will help you to define the applications and targeted markets.
Rotogravure Printing Machine
Rotogravure Printing is the high-speed intaglio printing used for packaging products. The intaglio process is done with the engraved rotating cylinders. It is famous for printing consistently on films with various densities without compromising consistency and accuracy.
The machine can categorize on the basis of automation mode, ink type, drying source, substrate, and application.
On the basis of automation, there are two types, automatic rotogravure printing machine, and manual rotogravure printing machine.
There are three different types of inks, water-ink, solvent-based ink, and radiation ink.
The rotogravure printing machine classifies into plastic, aluminum foil, paper, and paperboard in a substrate.
It has options for drying sources like gas, electrical and thermal fluid.
Food and beverage, pharmaceutical, consumer goods, and others are on the basis of application.
The product information on the packaging material like usage, specifications, cautionary notes, manufacturing details, etc. are important for manufacturers, suppliers, retailers, and consumers. And the printing machine enables the manufacturers’ in-house printing capabilities.
Rotogravure Printing Machine Market Analysis
The rotogravure printing machine market has a growth of approximately 3.60% for the period of 2021 to 2028 and is forecast to reach US $2.3 billion by 2028. There are various reasons behind this growth and one of them is rapid urbanization.
Rotogravure printing is widely used for printing on packaging materials such as polyethylene packets, soap wrappers, food pouches, confectionery wrappers, and many more.
As with the rise in consumption of packed food and beverages around the globe, increase the demand for the rotogravure printing machine. There are multiple reasons for the high demand for rotogravure printing machine high speed, low operation cost, high image quality, required less labor, and high production rate.
After studying various factors of growth, the common reason is product awareness through various digital marketing strategies. Also, rapid urbanization plays a vital role in the consumption of consumer goods.
The current consumable packaging market estimated at US$700 billion. The reason for its popularity is, high speed with excellent image quality at a low cost. The rotogravure printing machine required more investment which may limit the installations.
Also, the substitute flexographic printing machine, a flexographic printing machine is one of the main reasons to restrict the growth of the rotogravure printing market. Another reason is advancements in printing technology may harm the popularity of the rotogravure printing machine for the forecasted period.
Though the popularity of flexible packaging in demand for consumer goods is massive. This helps to reach the forecasted rotogravure printing market.
Rotogravure Printing Machine Market – Region
North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan (APEJ), Middle East & Africa, Japan.
Amongst these regions, APEJ has a sharp rise in the rotogravure printing machine market for the forecast period. After that, North America follows the raise. Eastern and Western Europe will follow steady growth. In the Middle East and Africa region, the growth rate is low, compare to other regions.
In a nutshell, the rotogravure printing machine is very popular and observe the steady and sharp growth in different regions.
